All-Island Business Monitor

InterTradeIreland’s latest Business Monitor reveals that the wider economy is within touching distance of recovering to pre-pandemic levels, despite significant issues and specific sectoral challenges.

The vast majority of firms are in stable or growth mode (81 per cent), with cross-border traders in particular leading the way forward. Businesses that trade with the opposite jurisdiction are seeing a quicker return to profitability than those with no export sales, and they are experiencing faster sales growth.

However, there are also a number of other issues that are starting to weigh heavily on firms. These include the rising costs of overheads, increasing energy bills, the impact of Brexit and recruiting the correct skills.

The infographic illustrating the findings from the latest Business Monitor is below, titled Q4 2021. You can also find more detail about the latest findings in the press release on the news section of our website.

The latest InterTradeIreland All-Island Business Monitor (Q4 2020) shows that unsurprisingly many businesses are continuing to struggle, as the Brexit transition ends in the midst of a global pandemic. Half of firms report that they are now contracting, winding down or surviving at all costs, compared to just 13 percent at the same point last year.

The survey reveals that 58% of businesses continue to struggle with reduction in demand for goods and services, low business and consumer confidence and the subsequent impact on their cash flow. The manufacturing and leisure sectors have been particularly impacted by the current challenges, with the pandemic being the primary source of concern for those in industries impacted by lockdowns and social distancing restrictions.

The infographic illustrating the findings from the latest Business Monitor is below, titled Q4 2020. You can also find the press release on the news section of our website